1. Interest Rates & Financing Terms

CBI’s auto loan is a conventional interest‐bearing facility (non‐Islamic) featuring:

• Flat Interest Rate:75%–4.50% p.a., determined by applicant profile and vehicle type.
• Equivalent Reducing Balance Rate (APR):86% p.a. on a 5-year term at 3.75% flat, illustrative.
• Finance-to-Value: Up to 80% of the vehicle’s purchase price.
• Tenure: 12–60 months.

2. Eligibility Criteria

Applicants must satisfy:

• Age: 21–65 years at loan maturity.
• Residency: UAE nationals and expatriates.
• Income: Demonstrated capacity to service loan; no published minimum salary.
• Credit: Clean credit history; affordability assessed per CBI policy.
• Down Payment: 20% of vehicle value paid upfront.

Schedule of Fees & Charges

All fees subject to 5% VAT where applicable.